The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
NEW YORK -- John C. Whitehead, former U.S. Deputy Secretary of State and former chairman of Goldman, Sachs & Co., has been redesignated chairman of the New York Federal Reserve Banks board of directors and Federal Reserve Agent for 1999 by the Board of Governors of the Federal Reserve System.
Mr. Whitehead has been serving as a Class C director since January 1995 and chairman since January 1996.
The Board of Governors names the three Class C directors of the Federal Reserve Bank of New York and designates the chairman and deputy chairman annually. The three Class A and three class B directors, completing the nine-person board are elected by depository institutions in the New York Feds district that are members of the Federal Reserve Systems.